What is the value of the inventory on august, Accounting Basics

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What is the value of the inventory on august

A company has inventory of 15 units at a cost of $12 each on August 1. On August 5, they purchased 10 units at $13 per unit. On August 12, they purchased 20 units at $14 per unit. On August 15, they sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory on August 15 after the sale?

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Accounting Basics: What is the value of the inventory on august

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Accounting Basics: What is the value of the inventory on august

Reference No:- TGS0688851

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: What is the value of the inventory on august

Reference No:- TGS0688851

Recent Questions Asked Accounting Basics

Q : Allowance for available-for-sale investments

Q : In how many ways can you hang three paintings

Q : The journal entry to record the application of overhead

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Q : What is the value of the inventory on august

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Q : Existing percents on the manufacturers web site

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